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LETTER OF EXPLANATION FOR FHA BACK TO WORK EXTENUATING CIRCUMSTANCES MORTGAGE LOAN
#1
The thing that will either make you or break you in whether or not you qualify for HUD's FHA BACK TO WORK EXTENUATING CIRCUMSTANCES DUE TO AN ECONOMIC EVENT mortgage loan is your letter of explanation. The letter of explanation needs to state exactly what led you to file bankruptcy, foreclosure, deed in lieu of foreclosure, or short sale and describe how you were out of work. To qualify for FHA Back to Work Extenuating Circumstances due to an economic event mortgage loan, you need to have been out of work and been involuntarily terminated or the company you worked for had to have been out of business. Here is a popular article on letter of explanation for FHA BACK TO WORK EXTENUATING CIRCUMSTANCES DUE TO AN ECONOMIC EVENT:

http://gustancho.com/letter-of-explanation-3/

 
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